Many mortgage professionals are, unfortunately, becoming more familiar with the old adage “What you don’t know can hurt you,” especially when it comes to undisclosed liabilities that occur during the loan…
Continue Reading...Sergio Gutierrez, 49, San Francisco, California, was sentenced to twelve years in federal prison after a jury convicted him of running a scheme in which he defrauded victims by telling them to stop paying their mortgages.
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Jill Reding, Tonya Ruf, and Katherine J. Frisk, three former employees of now defunct Pierce Commercial Bank, were sentenced to prison terms for their roles in the mortgage fraud scheme that substantially contributed to the demise of the bank.
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Thomas Joseph O’Meara, III, 66, Palm Desert, California, a real estate developer, was sentenced to 78 months in prison for wire fraud and money laundering arising out of a real estate investment fraud scheme in which he defrauded more than 50 victims of more than $16 million.
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Three former employees of now defunct Pierce Commercial Bank were sentenced to prison terms today for their roles in the mortgage fraud scheme that substantially contributed to the demise of the bank, announced…
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Teresa Jean Whitten, 39, Liberty, Missouri, who operated a real estate business has been indicted by a federal grand jury for her role in a $5 million mortgage fraud scheme.
Samuel Thomas Geren Jones, 32, Spokane, Washington, was sentenced in federal court in Coeur d’Alene, Idaho, to 37 months in prison, followed by three years of supervised release for his role in a real estate investment scam.
Jonas Rogers, 54, Detroit, Michigan, was sentenced to 78 months in prison for his role in a mortgage fraud and identity theft scheme.
Antoinette Payne, 44, North Royalton, Ohio, a loan officer, was sentenced to more than two years in prison for a mortgage-fraud scheme that resulted in a loss of more than $1 million.
Scott S. Schuhriemen, 38, Sarasota, Florida, pleaded guilty to conspiring to make false statements to Branch Banking and Trust, an FDIC insured financial institution.
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